Ghisallo Capital Management LLC Sells 150,000 Shares of Talos Energy Inc. (NYSE:TALO)

Ghisallo Capital Management LLC lowered its stake in shares of Talos Energy Inc. (NYSE:TALO) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 150,000 shares during the quarter. Ghisallo Capital Management LLC owned about 0.08% of Talos Energy worth $1,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its position in Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after acquiring an additional 917 shares during the period. Headlands Technologies LLC acquired a new stake in Talos Energy during the first quarter worth $50,000. Nisa Investment Advisors LLC boosted its stake in Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after buying an additional 2,235 shares in the last quarter. Sandia Investment Management LP acquired a new stake in Talos Energy during the first quarter worth $70,000. Finally, Norden Group LLC acquired a new stake in Talos Energy during the first quarter worth $147,000. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a research note on Wednesday, July 10th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Friday, September 27th. Mizuho assumed coverage on shares of Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $19.83.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the acquisition, the insider now directly owns 43,545,604 shares of the company’s stock, valued at approximately $448,955,177.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 2,119,000 shares of company stock valued at $22,931,130 over the last ninety days. 0.77% of the stock is owned by insiders.

Talos Energy Stock Up 0.8 %

Shares of NYSE:TALO opened at $10.44 on Wednesday. Talos Energy Inc. has a 52 week low of $9.81 and a 52 week high of $16.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company’s fifty day moving average is $11.28 and its 200-day moving average is $12.03. The company has a market capitalization of $1.88 billion, a PE ratio of 149.07 and a beta of 1.94.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million for the quarter, compared to the consensus estimate of $516.61 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. Equities research analysts predict that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Talos Energy Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.